* Freehold
* Full Tenanted
* MIxed - Use Investment
* Freehold
* 2 advertising boards
Fully tenanted mixed - use freehold property prominently located on Town Street
Armley at the intersection of Town Street, Branch Road and Stocks Hill.
Armley is located less than 2 miles west of Leeds City Centre, following Canal
Street west from the A58, and benefits from easy access and good public
transport to and from the City Centre. The neighbouring areas include Holbeck
to the south east, and Burley and Kirkstall to the north east and north west.
Additional income is provided from 2 advertising boards attached to the
property.
**Location**
The property is prominently located on Town Street Armley at the intersection
of Town Street, Branch Road and Stocks Hill.
Armley is located less than 2 miles west of Leeds City Centre, following Canal
Street west from the A58, and benefits from easy access and good public
transport to and from the City Centre. The neighbouring areas include Holbeck
to the south east, and Burley and Kirkstall to the north east and north west.
The premises is opposite Armley Library and is set amongst many national
retailers including Poundland, Greggs, Heron Foods, Cash Generator, Savers,
Lloyds Bank, Armley Post Office, Betfred, and William Hill, as well as several
independent European food stores and other local operators.
**Description**
The property consists of 2 storey accommodation of brick construction under a
pitched tiled roof comprising Ground floor retail occommodation with basement
and 2 bedroom residential accommodation to the 1st floor.
**Accommodation**
The premises provides the following accommodation: -
**Retail space**
Ground floor retail Za 46. 3 m2 498 sq ft
Ground floor retail Zb 27. 7 m2 298 sq ft
Ground floor storage 5. 3 m2 57 sq ft
Basement Storage 25. 5 m2 274 sq ft
Total space 104. 7 m2 1127 sq ft
Plus: -
First floor 2 bedroom accommodation
**Tenancy**
The property is tenanted as follows: -
Shop unit with 1st floor accommodation: -
\ - £18, 480 pa passing rent
\ - 7 year lease from 2020
Advertising board
\ - £1, 000 pa passing rent
\ - 10 year term from 2022
Advertising board
\ - £200 pa passing rent
\ - rolling over
£19, 680
Annualised rental
**Terms**
The property is offered with current tenancy
Offers over £199, 000 for the Freehold Interest.
We are informed that VAT is not applicable to this sale.
**Business Rates**
According to the Valuation Office Agency website, the current rateable value
is: - £13, 250 rv.
Subject to partial Small Business Rates Relief.
**Energy Performance Certificate**
Energy Performance Certificates for this property is are: -
Commericial: Rating C - 67
Residential: Rating E - 40
These can be viewed on
**Viewings**
For further information or to arrange a viewing, please contact Peter Davies
on .
**Misrepresentation Act 1967**
Stoneacre Properties acting as agent for the vendors or lessors of this
property give notice that: -
1. The particulars are set out as a general outline only for the guidance of
intending purchasers or lessees, and do not constitute, nor constitute part
of, an offer or contract.
2. All descriptions, dimensions, condition statements, permissions for use &
occupation, and other details are given in good faith and are believed to be
correct. Any intending purchasers or tenants should not rely them as such as
statements or representations of fact but must satisfy themselves by
inspection or otherwise as the correctness of each of them.
3\. No person in the employment of Stoneacre Properties has any authority to
make or give representation or warranty whatsoever in relation to this
property.
4. All prices and rents are quoted exclusive of VAT unless expressly stated to
the contrary.
Misdescriptions act 1991
These details believe to be correct at the time of compilation, but may be
subject to subsequent amendment.
All offers are subject to contract or lease.
Details ammended July 2023

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